answersLogoWhite

0

FDIC stands for Federal Deposit Insurance Corporation. Fdic insurance allows you to be covered and not lose any money when having a deposit account if your financial institution fails.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

whats the difference between a government insured and the fdic insured?

There is no difference, fdic stands for federal deposit insurance corporation, which is exactly the same insurance from the same people and the same place.


Is MetLife insured by the FDIC?

No, MetLife is not insured by the FDIC (Federal Deposit Insurance Corporation). The FDIC primarily insures deposits in banks and savings associations, while MetLife is an insurance company that provides various insurance products and services. Insurance companies are regulated by state insurance departments rather than the FDIC.


Where can one learn more about fdic insurance?

You can learn more about FDIC insurance at the website fdic.gov/deposit/. This website allows you to access information about the FDIC's risk-based premium system and the deposit insurance reform legislation.


Can more beneficiaries increase your fdic insurance?

FDIC insurance is the insurance that covers your money in a bank up to a specific amount for all of your accounts. It has nothing to do with beneficiaries.


Which insurance program that is federally protected?

FDIC


Is my Fidelity 401k FDIC insured?

No, your Fidelity 401k is not FDIC insured. FDIC insurance is for bank accounts, not investment accounts like a 401k.


When did the fdic start insuring the 100000 limit?

http://www.cbbwi.com/fdic.htm1980: Deposit insurance increased to $100,000.00; FDIC insurance fund is $11 billion.


Where is FDIC Insurance located?

"Upon my recent studies, I have discovered that there are three locations for FDIC Insurance. Two are in Washington, DC and the other one is in Arlington, VA."


Are annuities with Life Insurance Companies covered by FDIC?

No. Each State covers annuities and life insurance. It's actually a lot better than the FDIC.


Which financial institutions are covered by the FDIC insurance?

All registered financial institutions are required to have some type of insurance for their customers. The FDIC / Federal Deposit Insurance Corporation underwrites banks and offers protection up to $250,000.00 per customer. The FDIC coverage does not include annuities, insurance policies, investments and mutual funds.


What is the maximum amount of time the FDIC has to pay a claim under the FDIC bank deposit insurance?

20 years


What is the abbreviation for the Bank Insurance Corporation?

The initials are FDIC for federal deposit insurance corporation.